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According to an article in The New York Times, based on more than 20 years of tax returns, the billionaire president paid just $ 750 (€ 645) in federal income taxes when he won the presidential election in 2016.
You paid the same amount in 2017, and 10 of the previous 15 years you did not pay any federal income tax because you stated that you had lost much more money than you earned.
Trump’s financial past is fueling controversy ahead of the first election debate this year. The president, who immediately called the New York Times article “completely false and fictitious news,” will face his rival, Democratic presidential candidate Joe Biden, in a crucial debate that will be broadcast live on Tuesday.
According to The New York Times, the President of the United States “paid $ 750 in federal income taxes in the year he won the election.” Next year, another $ 750.
“He had not paid any income tax in 10 of the previous 15 years, largely because he reported losing much more money than he earned,” the newspaper said.
The documents show that many of Trump’s businesses, including his golf courses, are suffering losses, allowing a businessman who calls himself a billionaire to pay lower taxes.
It’s true that The New York Times emphasizes that the documents are Trump’s own information for the US Internal Revenue Service, not the findings of independent auditors. Furthermore, the data does not reveal the true value of Trump’s assets, nor does it show unprecedented ties to Russia.
„Reuters“ / „Scanpix“ nuotr./Joe Bidenas
The newspaper said it would not publish the documents as it sought to protect its source, but added: “These figures, which Trump has long sought to keep hidden in a drawer, are not, in principle, what he seeks to sell to American society.” .
The extremely stingy tax reports paid by Trump could shake up the presidential election campaign, led by Republican rival J. Biden.
This information could also change the tone of the first presidential debate, which will take place on Tuesday night. Biden and the Democrats may try to draw viewers’ attention to the fact that Trump is misleading American workers, whom he claims to represent, with almost no taxes.
It is true that four years ago, during a debate in which Hillary Clinton was attacked for tax evasion, Trump refuted that he was doing it because he was smarter than others. Polls have shown that some Americans liked the answer.
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